NEW YORK (Feb 26): The narcissism and Panglossian cluelessness of the Wall Street elite is a marvel to behold. Sitting on their perches of power, and enjoying tax breaks, easy money, and soaring stock markets, they are certain that all is best in this best of all possible worlds. Critics must be fools or devils.

When I have mentioned my support for US presidential candidate Bernie Sanders in their company, it has been to audible gasps, as if I had invoked Lucifer’s name. They are certain that Sanders is unelectable, or that, if somehow elected, he would bring about the collapse of the republic. To varying degrees, the same sentiments can be found even in “liberal” media outlets like The New York Times and The Washington Post.

This disdain is both telling and absurd. In Europe, Sanders would be a mainstream social democrat. He wants to restore some basic decency to American life: universal publicly financed health care; above-poverty wages for full-time workers, along with basic benefits such as family leave for infants and paid leave for illness; college education that does not drive young adults into lifelong debt; elections that billionaires cannot buy; and public policy determined by public opinion, not corporate lobbying (which reached US$3.47 billion in the United States in 2019). 

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